There are three parts to the BRRRR method. The first part is the purchase of a property, which can be an investment in residential or commercial property, land for development purposes, or even raw materials such as timber and metals. Next comes renovation: usually some amount of repairs are needed before one could occupy the rented space so it’s important to know what structural work will need doing on your new home. This is where you’ll make money! Finally there is renting out the renovated space-this may not be necessary if you furnish only empty spaces but most likely you’ll want tenants occupying them and paying rent each month while using up none of your own capital (or equity).
